Roffman Miller Associates Lowered Its Stake in International Business Machine (IBM) as Market Valuation Declined; Rutabaga Capital Management Has Decreased Its Titan Machinery (TITN) Position by $3.46 Million as Market Value Rose

February 21, 2018 - By Adrian Mccoy

Peter Schliemann decreased its stake in Titan Machinery Inc. (TITN) by 34.53% based on its latest 2017Q3 regulatory filing with the SEC. Rutabaga Capital Management Llc sold 230,992 shares as the company’s stock rose 10.18% with the market. The hedge fund run by Peter Schliemann held 437,896 shares of the other specialty stores company at the end of 2017Q3, valued at $6.80 million, down from 668,888 at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in Titan Machinery Inc. for a number of months, seems to be less bullish one the $414.43 million market cap company. The stock increased 0.31% or $0.06 during the last trading session, reaching $19.43. About 156,313 shares traded. Titan Machinery Inc. (NASDAQ:TITN) has risen 40.41% since February 21, 2017 and is uptrending. It has outperformed by 23.71% the S&P500.

Roffman Miller Associates Inc decreased its stake in International Business Machine (IBM) by 46.63% based on its latest 2017Q3 regulatory filing with the SEC. Roffman Miller Associates Inc sold 46,440 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 53,163 shares of the computer manufacturing company at the end of 2017Q3, valued at $7.71M, down from 99,603 at the end of the previous reported quarter. Roffman Miller Associates Inc who had been investing in International Business Machine for a number of months, seems to be less bullish one the $143.65B market cap company. The stock decreased 0.65% or $1.02 during the last trading session, reaching $155.16. About 4.49M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 21, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Analysts await Titan Machinery Inc. (NASDAQ:TITN) to report earnings on March, 29. They expect $-0.13 earnings per share, up 58.06% or $0.18 from last year’s $-0.31 per share. After $0.20 actual earnings per share reported by Titan Machinery Inc. for the previous quarter, Wall Street now forecasts -165.00% negative EPS growth.

Rutabaga Capital Management Llc, which manages about $1.07 billion and $468.96 million US Long portfolio, upped its stake in Manitowoc Company Inc. (NYSE:MTW) by 50,700 shares to 3.10M shares, valued at $27.93 million in 2017Q3, according to the filing. It also increased its holding in Topbuild Corp by 7,250 shares in the quarter, for a total of 358,429 shares, and has risen its stake in Varex Imaging Corporation.

Investors sentiment decreased to 1.35 in 2017 Q3. Its down 0.33, from 1.68 in 2017Q2. It worsened, as 11 investors sold TITN shares while 29 reduced holdings. 20 funds opened positions while 34 raised stakes. 16.39 million shares or 1.53% less from 16.64 million shares in 2017Q2 were reported. Fmr Ltd Limited Liability Company owns 3.28M shares. Federated Investors Inc Pa accumulated 457,849 shares. Renaissance Techs Limited Liability accumulated 40,400 shares. Amer, New York-based fund reported 12,453 shares. Prudential invested in 13,595 shares or 0% of the stock. Ameriprise Incorporated has invested 0% in Titan Machinery Inc. (NASDAQ:TITN). Legal And General Group Public Limited Liability reported 0% stake. Tiaa Cref Inv Mgmt Llc reported 117,045 shares stake. Strs Ohio invested 0% in Titan Machinery Inc. (NASDAQ:TITN). State Board Of Administration Of Florida Retirement Systems invested in 23,288 shares. Next Fincl Grp reported 300 shares. Weber Alan W has invested 0.1% in Titan Machinery Inc. (NASDAQ:TITN). Global X Mgmt Ltd Liability Com holds 3,224 shares. Millennium Mngmt Ltd Limited Liability Company stated it has 10,505 shares or 0% of all its holdings. Citigroup holds 0% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN) for 9,166 shares.

Since January 3, 2018, it had 0 insider purchases, and 1 sale for $1.35 million activity.

Among 6 analysts covering Titan Machinery (NASDAQ:TITN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Titan Machinery had 13 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Tuesday, October 10. The stock of Titan Machinery Inc. (NASDAQ:TITN) earned “Buy” rating by Robert W. Baird on Friday, December 1. The stock has “Buy” rating by Robert W. Baird on Thursday, August 24. The rating was upgraded by William Blair to “Market Perform” on Tuesday, January 2. The company was upgraded on Tuesday, December 15 by Sidoti. The stock of Titan Machinery Inc. (NASDAQ:TITN) earned “Hold” rating by Piper Jaffray on Friday, August 4. The stock has “Hold” rating by Piper Jaffray on Friday, October 27. The company was downgraded on Friday, December 2 by Standpoint Research. The company was maintained on Thursday, November 30 by Piper Jaffray. As per Thursday, September 7, the company rating was maintained by Piper Jaffray.

Since January 31, 2018, it had 1 buy, and 0 selling transactions for $99,659 activity.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on April, 17. They expect $2.37 earnings per share, down 0.42% or $0.01 from last year’s $2.38 per share. IBM’s profit will be $2.19 billion for 16.37 P/E if the $2.37 EPS becomes a reality. After $5.18 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -54.25% negative EPS growth.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Drexel Hamilton given on Friday, July 14. The stock of International Business Machines Corporation (NYSE:IBM) has “Perform” rating given on Tuesday, August 16 by Oppenheimer. The rating was maintained by Berenberg on Friday, January 19 with “Sell”. The company was maintained on Friday, January 19 by BMO Capital Markets. On Wednesday, October 18 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The rating was initiated by Guggenheim with “Neutral” on Wednesday, January 4. The stock of International Business Machines Corporation (NYSE:IBM) has “Neutral” rating given on Tuesday, July 19 by Goldman Sachs. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Drexel Hamilton on Tuesday, July 19. The stock of International Business Machines Corporation (NYSE:IBM) has “Buy” rating given on Friday, January 19 by RBC Capital Markets. The stock has “Hold” rating by Cantor Fitzgerald on Tuesday, April 19.

Roffman Miller Associates Inc, which manages about $833.24M and $758.50 million US Long portfolio, upped its stake in Rpm International Inc Delaware (NYSE:RPM) by 12,479 shares to 419,212 shares, valued at $21.52M in 2017Q3, according to the filing. It also increased its holding in Kraft Heinz Company by 7,674 shares in the quarter, for a total of 117,429 shares, and has risen its stake in Chubb Limited.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Palisade Ltd Liability Corp Nj holds 0.02% or 4,173 shares. Old Point Trust And Financial Service N A owns 6,955 shares. Moreover, Mcf Advsr Ltd Liability Company has 0.05% invested in International Business Machines Corporation (NYSE:IBM). Comerica Inc reported 0.46% in International Business Machines Corporation (NYSE:IBM). Moreover, Catawba Capital Mgmt Va has 1.07% invested in International Business Machines Corporation (NYSE:IBM). Culbertson A N Incorporated accumulated 1.36% or 30,786 shares. 30,194 are owned by Rmsincerbeaux Capital Mgmt Lc. Moreover, Union Fincl Bank has 1.48% invested in International Business Machines Corporation (NYSE:IBM) for 30,394 shares. Woodmont Inv Counsel Ltd Liability holds 1,982 shares. Thomas Story And Son Llc reported 0.17% in International Business Machines Corporation (NYSE:IBM). Moreover, California Pub Employees Retirement has 0.53% invested in International Business Machines Corporation (NYSE:IBM) for 2.46 million shares. Schroder Investment Group has invested 0.7% in International Business Machines Corporation (NYSE:IBM). Guardian Capital Advisors Limited Partnership stated it has 20,354 shares or 0.45% of all its holdings. Utd Fire Grp Incorporated invested in 0.15% or 3,000 shares. Bancorporation Of Nova Scotia Com stated it has 1,695 shares or 0.03% of all its holdings.

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